The European Commission recently unveiled VAT in the Digital Age (ViDA), a comprehensive proposal to reform the EU’s value added tax system. This reform includes significant changes in the scope of obligations regarding e-reporting and e-invoicing.
EU Member States will soon be able to impose business-to-business (B2B) e-invoicing requirements without having to ask the European Parliament for a derogation of current laws prohibiting them from imposing mandates. These upcoming changes present opportunities and challenges for businesses, making it vital to stay informed about each country’s adaptation.
